A cold war in the 21st-century seemed unlikely… until now. Tariffs by the United States on $200 billion worth of Chinese products and retaliatory tariffs by China on $60 billion worth of American goods went into effect on Monday. While the United States and China are competing for global supremacy, they maintain mutual agreements to handle their complicated relationship. But, the tide might be turning…
Jim Rogers, author of “A Bull in China: Investing Profitably in the World’s Greatest Market” and a renowned investor who co-founded the first global investment fund with George Soros in 1973, has made numerous extraordinary predictions about trade market in the past, including the fall of the US dollar.
The latest tariffs on American and Chinese goods aren’t as severe as expected, making stocks rise on Tuesday. Substantial profits in tech also propelled market gains. The S&P 500 increased 0.5 percent to close at 2,904.31, headed by buyer discretionary spending and industrials. It is also less than half a percent from its record high.
Gold refineries in Switzerland sent a record amount of gold to Shanghai last December, and Russia is buying gold in droves as well, as the United States experiences a time of tumultuous politics and the european banking system is reported to be on the verge of collapse. Figures released at the end of January by Federal Customs Administrations showed that Switzerland, a world leader in gold production, sent 158 tonnes … Read More →
Numerous nations throughout the world are currently dealing with currency or debt crises of one kind or another. Greece has stolen the headlines where they’ve needed to secure a bailout from the European Union so as to not go broke, and Puerto Rico, a US protectorate, has said it will not have the funds to service its debt. The Chinese stock market has collapsed with the government instituting controls to … Read More →
Gold antiquities looted from China were returned by a French billionaire after a long effort by Beijing to recoup pillaged art. The antiquities were purchased by billionaire luxury tycoon François Pinault. The four gold heads of prey birds are worth €1 million (£710,000). Mr Pinault, owner of brands from Gucci to Saint Laurent, donated the 7th century BC solid gold works to Paris’s Guimet museum of Asian art 15 years ago. It was soon … Read More →
Trading on the New York Stock Exchanged resumed Wednesday after being halted for about four hours due to “unknown internal technical reasons.” Internal technical issues are being cited for the reason why NYSE shut down trading at 11:32am EST, which also shut down trading on the NYSE MKT exchange, a market where small companies are traded. In August 2013 a “Flash Freeze” shut the Nasdaq down for hours, as a … Read More →
The 21st Century Digital Currency Arm’s Race: America’s Only Hope? So, let’s be clear: 56.7577° N, 86.4196° W and 40.4230° N, 98.7372° W. In the former geographical coordinates, Bitcoin is free of banking regulation. However, in the latter, Bitcoin is not free from banking regulation. The case grows increasingly murky in 32.9043° N, 110.4677° E, otherwise known as China. Perhaps the geographical coordinates of 35.1234° S, 71.5720° W – that is Chile – will keep … Read More →